Market Overview for FUNToken/Tether (FUNUSDT) – 2025-09-17

• FUNToken/Tether experienced a bearish trend with a low of $0.009221 and a 7.9% drop from the prior 24-hour high.
• RSI reached oversold levels near 25, suggesting potential short-term buying interest, though MACD remains bearish.
• Volume surged during the breakdown below key support levels, confirming bearish momentum.
• Bollinger Bands tightened early in the session before expanding as volatility picked up.
• On-balance volume and price moved in alignment, reinforcing the bearish bias of the 24-hour session.

FUNToken/Tether (FUNUSDT) opened at $0.009629 on 2025-09-16 at 12:00 ET, reached a high of $0.009676, and closed at $0.009243 as of 2025-09-17 at 12:00 ET. The 24-hour session recorded a total volume of 95,438,154.0 and a notional turnover of $883,307. The pair displayed bearish momentum as price broke below key support levels.

Structure & Formations

Price formed a series of bearish continuation patterns, including a falling wedge and bearish engulfing patterns during the early afternoon and late evening hours. A key support level of $0.00944 was broken with confirmation via a closing candle below it. A potential short-term support is forming near $0.009316, with a critical 61.8% Fibonacci retracement level at $0.00936.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart remained in a bearish crossover, with price trading well below both. On the daily chart, the 50-period MA is below the 200-period MA, suggesting a longer-term bearish bias.

MACD & RSI

MACD showed bearish divergence, with both the histogram and line trending lower. RSI dropped into oversold territory near 25, hinting at potential near-term buying pressure, but it remains below the 50 level, maintaining the bearish tone.

Backtest Hypothesis

A potential short-biased strategy using RSI below 30 as an entry trigger and a trailing stop just above a 61.8% Fibonacci level could have captured the 7.9% decline observed in this 24-hour period. However, the strategy would have required tight risk management and rapid execution to avoid false signals during the price consolidation in the morning.

Bollinger Bands

Bollinger Bands contracted during the early morning hours and widened during the afternoon as volatility increased. Price spent most of the session below the middle band and closed near the lower band, signaling heightened bearish pressure.

Volume & Turnover

Volume spiked during the breakdown below key support levels in the late afternoon and early evening, with large-volume candles confirming the bearish sentiment. Notional turnover increased in line with falling prices, indicating strong participation from sellers.

Fibonacci Retracements

A 61.8% Fibonacci level at $0.00936 appears to act as a temporary support, with a 38.2% level at $0.00948 offering a potential near-term resistance. The 61.8% level may hold if short-term buyers enter the market, but a breakdown could signal a deeper correction.

Looking ahead, the next 24 hours may bring a test of the $0.00936 support and $0.00948 resistance levels. A sustained break below $0.00936 could lead to further downside, while a rebound above $0.00948 may suggest a short-term pause in the bearish trend. Investors should remain cautious as volatility and bearish momentum persist.